Buy Trent; target of Rs 4,800: Sharekhan
Thu, May 2, 2024 4:09 PM

Buy Trent; target of Rs 4,800: Sharekhan

A Flip by Avya Verma
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Sharekhan's research report on Trent. Trent continued to post stellar performance in Q4FY2024 with revenues growing above 50% y-o-y, while strong expansion in EBIDTA margins led to robust bottom-line growth. Revenue grew by 53.4% y-o-y to Rs. 3,187 crore, with like-for-like (LFL) growth well above 10%. Gross margins improved by 449 bps y-o-y to 45.3%..

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